Word: mergermen
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Dates: during 1980-1989
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Such bonanzas are making 1984 the best year ever for dealmaking. In addition to Socal and Gulf, mergermen have put Texaco and Getty Oil together in a $10.1 billion corporate marriage and arranged a $5.7 billion combine of Mobil and Superior Oil. During the first three months of 1984, company mergers valued at a total of $34 billion took place. Should they continue at this rate, the old annual record of $82.6 billion set in 1981 will easily be broken...
...company shopping is expected to be especially good in coming weeks. Many firms enjoying high profits are flush with cash and hunting for acquisitions. Among the possible targets: high-tech companies whose stocks have fallen, financial services and energy companies. With opportunities plentiful, there will be no shortage of mergermen to make the deals...
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